http://www.youtube.com/watch?v=ikn6Tu9SHgk
I cant believe a politician really telling it like it is........
I cant believe a politician really telling it like it is........
I would vote for this woman for President immediately....
- Thread starter maverick2112
- Start date
Maverick, did she sponsor a bill to fix the problems a few years ago, or is she just another Monday morning Quarterback?
Probably didnt sponsor a bill to fix things before they became such a big problem but at least she is telling it like it is now............
I wouldnt think you would have had any action on these issues BEFORE the explosion because I dont really think a lot of these people have any clue about economics and financing issues............especially when this stuff was hidden from everyone...........
All these losses were HIDDEN by creative accounting (Fraud) methods to not show up for months..........probably just long enough for all the people "in the know" to sell all their stock and bail out while the stock price was still high.........kind of like the CEO of Countrywide cashing out his chips at a decent price before the kaboom.......
Most of these politicians wouldnt know the difference between a balance sheet and a parley card!!!!!!
I wouldnt think you would have had any action on these issues BEFORE the explosion because I dont really think a lot of these people have any clue about economics and financing issues............especially when this stuff was hidden from everyone...........
All these losses were HIDDEN by creative accounting (Fraud) methods to not show up for months..........probably just long enough for all the people "in the know" to sell all their stock and bail out while the stock price was still high.........kind of like the CEO of Countrywide cashing out his chips at a decent price before the kaboom.......
Most of these politicians wouldnt know the difference between a balance sheet and a parley card!!!!!!
Rep. of Ohio 9th district Marcy Kaptur,I applaud you for telling it like it is. Scanning the channels last night and saw her on C-SPAN and wrote her name down and said to myself that she has more balls than anyone that I've heard in quiet awhile.
Yes to the thought that she would make a good choice for #1 spot or #2 spot with Ron Paul. Thanks,Maverick for your keen eye and hope you keep up the good FIGHT. Just need 50 million more like you. :director:
let me repeat this for those with poor reading comprehension...
the republican`s s tried to forestall this mess in 2003 and 2005...but the effort was blocked by dems,using the old race/class card.....as usual...so insistent on giving those that couldn`t repay their loans and handle their mortgages carte blanche to ruin the system..... and crying when the adults tried to step in...
the ny times....
"The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.
Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.
The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.
The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac ? which together have issued more than $1.5 trillion in outstanding debt ? is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.".....
blocked by the dems...
"Significant details must still be worked out before Congress can approve a bill. Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.
'These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.'
Representative Melvin L. Watt, Democrat of North Carolina, agreed.
''I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,'' Mr. Watt said"...............
the dems are in control of the house and senate....if their asses weren`t hip deep in this moshpit,there would investigations out the ying yang...
they`re so busy investigating republicans they don`t have time to accomplish a g-damned thing...
if anyone put 2 and 2 together,they`d understand that the dems want no part of an investigation...
obama/kerry/hillary...all at the top of the list of fannie/freddie benefactors....and obama passed most everyone in just a few years...
obama`s buddies johnson and raines were the ceo`s for cryin` out loud....made millions...as well as clinton`s buddy jamie gorelick....
keep repeating this garbage...the msm does...and apparently it works on the feeble minded..
the republican`s s tried to forestall this mess in 2003 and 2005...but the effort was blocked by dems,using the old race/class card.....as usual...so insistent on giving those that couldn`t repay their loans and handle their mortgages carte blanche to ruin the system..... and crying when the adults tried to step in...
the ny times....
"The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.
Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.
The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.
The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac ? which together have issued more than $1.5 trillion in outstanding debt ? is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.".....
blocked by the dems...
"Significant details must still be worked out before Congress can approve a bill. Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.
'These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.'
Representative Melvin L. Watt, Democrat of North Carolina, agreed.
''I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,'' Mr. Watt said"...............
the dems are in control of the house and senate....if their asses weren`t hip deep in this moshpit,there would investigations out the ying yang...
they`re so busy investigating republicans they don`t have time to accomplish a g-damned thing...
if anyone put 2 and 2 together,they`d understand that the dems want no part of an investigation...
obama/kerry/hillary...all at the top of the list of fannie/freddie benefactors....and obama passed most everyone in just a few years...
obama`s buddies johnson and raines were the ceo`s for cryin` out loud....made millions...as well as clinton`s buddy jamie gorelick....
keep repeating this garbage...the msm does...and apparently it works on the feeble minded..
